Tuesday , September 22, 2020

Nacha Cancels 2020 Payments Event and other Digital Transactions News briefs from 3/16/20

  • Nacha’s Smarter Faster Payments 2020 Conference has been canceled because of concerns related to the novel coronavirus. Nacha said it is trying to develop a free virtual event with select educational content. Next year’s conference is scheduled for April 25-28 in San Francisco.
  • Dueling bills have been introduced in the Delaware Legislature that would require stores to accept cash. They differ mainly over penalties.
  • Marketing services provider Cardlytics Inc. said U.S. Bank will begin a phased launch of the Cardlytics Direct offers program under a new five-year agreement.
  • Payments provider Prepaid Financial Services Ltd. issued a statement that it can help governments in North America, Australia, and other countries distribute payments to citizens in the face of the novel coronavirus outbreak.
  • 7-Eleven Inc. announced it is working with financial-technology platform Arcus Financial Intelligence Inc. to allow consumers in Latin American markets to pay bills at 7-Eleven stores with cash via a mobile app.
  • Food-delivery service Grubhub Inc. announced it is temporarily suspending collection of up to $100 million in commission payments from restaurants affected by the novel coronavirus outbreak. Grubhub is the parent company of mobile-payment service LevelUp.
  • Chargebacks911 named Keith Clay “KC” Fox its chief product officer. Fox previously was senior vice president of technical services at Radial, an eBay Inc. company.

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